The absorption rate is abysmal at 4.68 according to the website at:
www.andrewkyle.com
You can use the following methodology to help predict the price change per month. Notice that if the absorption rate is much more than 3.5 it is very likely that there will be price decreases. According to the calculation, with an absorption rate of 4.68, I end up with a price decrease for $16,000 for the month.
If you are interested in following the Calgary real estate market I made a blog at, I hope to be posting more information soon:
http://calgaryrealestatemarketblog.wordpress.com/
